From burden to competitive advantage. With so much regulation, growing in complexity and volume, compliance feels like a cost of doing business for many companies, a burden even. Yet, through technology, compliance management can drive business growth, even become a competitive advantage, helping win and retain business. In many cases, compliance officers still struggle with […]Read more
For financial services firms, compliance has traditionally been a significant challenge, with complex regulations and high costs making it difficult to ensure that all requirements are met.
The role of technology in compliance is therefore becoming increasingly important as regulatory requirements become more complex and demanding. Compliance technology will continueRead more
WHOLESALE VS SOPHISTICATED INVESTORS
Before January 2020, a retail client that passed an individual wealth test could receive a two-year certificate from their accountant that would enable them to be classed as a 708 wholesale investor.
However, in light of the Guidance Note to the FASEA Code of Ethics, a ’wholesale’ investorRead more
Complii FinTech Solutions have taken a significant step forward in the improvement of their compliance systems by fulfilling the increasingly sophisticated FASEA requirements. FASEA requirements represents not only a significant advance for Australian financial compliance, but significant opportunities for stockbrokers to ensure their compliance into the future.
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Preparing a clear, concise and effective Statement of Advice (SOA) can be achieved by following a few simple steps. And avoiding some of the more common mistakes. Financial service providers must provide clients with a Statement of Advice with enough information to ensure they understand the personal advice given toRead more